The more willing suppliers are to substitute away from a taxed good, _____
a. the larger the proportion of the tax paid by demanders
b. the smaller the proportion of the tax paid by demanders
c. the greater the increase in output will be
d. a and c
a
Economics
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If the marginal propensity to consume is 0.75, then the value of the tax multiplier is
A) -2.5. B) -3. C) 1.25. D) 1.4.
Economics
The employment rate is defined as
A) the percentage of the labor force holding employment. B) the percentage of the noninstitutional population either working currently or looking for work. C) the percentage of the noninstitutional population holding employment. D) the percentage of the population currently receiving wages or salaries. E) the percentage of the population currently working and living principally on earnings from labor.
Economics